Banks to use Ripple (available on Binance): It is a sea of green on the crypto market today! Which, considering the past few weeks, is relatively nice to see. Bitcoin (available on Coinbase) (BTC) may still be below the $8,000 mark, but Ripple (available on Binance) (XRP) is up nearly 5%. You win some, you lose some, right?

In this article, we’re going to be looking at XRP price news, as well as generic Ripple (available on Binance) news. Thanks to Brad Garlinghouse — the Ripple (available on Binance) CEO, there’s a lot of the latter. 

Ripple (available on Binance) News | XRP Price News 

Ripple (available on Binance) (XRP) is currently selling for $0.67. This means XRP is up 3.50% in the past twenty-four hours. 

Source: CoinMarketCap 

Still, Ripple (available on Binance) (XRP) is ranked as the 3rd largest virtual currency. 

Ripple (available on Binance) News | June 5, 2018 – More Banks to use Ripple (available on Binance)?

It’s only Tuesday, but we have already seen a substantial amount of Ripple (available on Binance) news surface this week. Yesterday, it was announced that Ripple (available on Binance) donated $50M to Universities around the globe. Why? So that these post-secondary institutions can further their research and development in crypto and blockchain. 17 Universities, including MIT, received the company’s donation. 

We’re committing $50M to top, global universities to further #blockchain research, tech and talent for our new University Blockchain Research Initiative! https://t.co/G70YxFAZlj
— Ripple (available on Binance) (@Ripple (available on Binance)) June 4, 2018

Moreover, it was also announced yesterday that the SBI Holdings crypto exchange went live and that the only digital currency currently being traded on the exchange is XRP. 

Now, we have seen more Ripple (available on Binance) news surface. Today, Brad Garlinghouse, Ripple (available on Binance) CEO, once again spoke about Bitcoin (available on Coinbase) and the future of XRP. These comments come less than a week after the Ripple (available on Binance) CEO said Bitcoin (available on Coinbase) is the “Napster of digital assets.”

Ripple (available on Binance) CEO Talks Bitcoin (available on Coinbase) (Again)

On Tuesday, speaking with CNBC, Mr. Garlinghouse stated that he believes around a dozen banks will be using XRP in 2019. A bold statement, but unrealistic? It’s hard to tell. The company definitely has a lot going on for it, innovation wise. On the market, XRP fluctuates with its success. However, with blockchain-based products like xCurrent and xRapid, it’s very possible traditional financial institutions will adopt these sorts of products. 

Ripple (available on Binance) Brad Garlinghouse Highlight From CNBC
“Well I’ve publicly stated that by the end of this year I have every confidence that major banks will use XRapid as a liquidity tool this calendar year”#xRapid #Ripple (available on Binance) #XRP pic.twitter.com/H9dXJeaYzW
— Bank XRP (@BankXRP) June 5, 2018

The crypto and payments startup has claimed many, many times that XRP has real-life-use cases. If a dozen banks end up adopting the digital currency XRP, then yes, the company is right: XRP does have real-life use cases. 

The CEO also spoke of Bitcoin (available on Coinbase). Garlinghouse stated that contrary to popular belief BTC is not the “panacea” that will solve all of the world’s problems like people had initially thought. 

The Takeaway

What do you think of all the news this week? Do you agree with Brad Garlinghouse’s comments? Will banks be adopting XRP in the future? 

Featured Image: Depositphotos/© shahurin

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